Scam Watch

Orchestrated Bot Attack Harvests Facebook User Data

Orchestrated Bot Attack Harvests Facebook User Data

It’s always important to be careful what links you click on Facebook because you never know how they could be used to collect your data. A great example of that occurred this week when a team of cybersecurity researchers discovered a sophisticated overseas troll farm using Facebook links disguised as pornography to capture Facebook user…

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US Lawmakers Press Facebook On Crypto Scam Policies

US Lawmakers Press Facebook On Crypto Scam Policies

Because of their size and reach, many Meta-owned platforms like Facebook, Instagram, and WhatsApp are often used by financial scammers. The nature of these scams has evolved over time, so it’s not surprising that many cybercriminals are now using cryptocurrency to take advantage of unsuspecting users. That’s why six US senators sent a letter to…

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Facebook Scammers Steal Thousands Posing As Restaurant Supplier Brand

Facebook Scammers Steal Thousands Posing As Restaurant Supplier Brand

According to a report this week in Eater magazine, Facebook scammers have stolen over $200,000 impersonating luxury restaurant supplier Regalis Foods. According to the real company, it began receiving reports in January this year that a scam account was impersonating all of its imagery, products, and banners in order to dupe users. And the worst…

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Facebook Is Being Sued For $50 Million For Not Taking Down An Imposter Page

Facebook Is Being Sued For $50 Million For Not Taking Down An Imposter Page

This week, a court in Canada ruled that Facebook can’t toss the case of a man suing the social media giant for $50 million in damages because it did not take down an imposter page. The case, originally filed in 2020 by a man named Timothy Craig Durkin, said that a Facebook account had been…

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New Malware Threat Hacks Facebook Business Accounts

New Malware Threat Hacks Facebook Business Accounts

According to a team of security researchers, there is an ongoing cybercriminal campaign to target marketing and HR professionals with malware in order to hijack their Facebook Business accounts. The threat, originating in Vietnam, appears to be driven solely by financial purposes. The scam works by targeting employees via LinkedIn who may have high-level access…

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Regulator: Facebook Marketplace Is Full Of Banned And Recalled Products

Regulator: Facebook Marketplace Is Full Of Banned And Recalled Products

This week, Facebook Marketplace came under fire once again for allegedly hosting bad actors who are selling dangerous products to unsuspecting users. Previously, the platform has landed in hot water for hosting the sale of drugs or guns. This time, it’s the U.S. Consumer Product Safety Commission (CPSC) accusing the social media giant of allowing…

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Report: Facebook Hosts A Stunning Amount Of Cryptocurrency Fraud

Report: Facebook Hosts A Stunning Amount Of Cryptocurrency Fraud

It’s an unfortunate reality of Facebook that many cybercriminals abuse the platform to scam unsuspecting users. And according to the Federal Trade Commission (FTC), one of the fastest-growing scams on Meta-owned platforms involves cryptocurrency. According to a recent report from the government organization, Instagram and Facebook account for the majority of crypto scams on social…

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Facebook Algorithm Reveals A Lot Of Spam In Top Shared Links

Facebook Algorithm Reveals A Lot Of Spam In Top Shared Links

Last week, Facebook parent company Meta released its quarterly “widely-viewed content report” that details the most-viewed organic content in the U.S., including domains, links, Pages and posts. And unfortunately, the report revealed that six of the top 20 shared on Facebook were removed for being spam. “In this report, there were pieces of content that…

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Australian Regulators Call For Stronger Ban On Fraudulent Facebook Advertisements

Australian Regulators Call For Stronger Ban On Fraudulent Facebook Advertisements

It’s not exactly breaking news that financial scams are all too common on Facebook. However, some government regulators around the world have reached a breaking point, calling for the social media giant to adhere to a mandatory code of conduct to help better protect the public from these scams. According to the Australian Financial Services…

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Report: Facebook Gaming Platform Is Full Of Scams

Report: Facebook Gaming Platform Is Full Of Scams

Four years ago, Facebook launched a gaming platform to compete with Amazon’s popular Twitch streaming site. However, after an initially promising launch, users have complained that the site is now overrun with fake videos and strange scams. According to a report this week in Bloomberg, some of these videos include weird montages of chiropractic practices,…

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